FinTech Company Investment Opportunity in Bangalore, India

Tech enabled online retail foreign exchange services platform having served over 30K customers.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 190 thousand
EBITDA Margin
Operating at break even
Industries
Locations
Local Time
3:00 AM Bangalore
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 220 thousand for 20.0% stake (Native Currency: INR 15,000,000)
Reason: Capital for growth and agents network expansion.
Includes physical assets worth USD 14 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Online Forex platform to buy or sell currencies at a very simplified and hassle free way.

- We have a unique prepaid Forex card which is supported by Mastercard.

- Have served over 30K customers in the past.

- We have 300 agents network across India which we aim to increase to over 3,000 in coming years.

- Revenue model: Front end margin and inter exchange fee.

- In the last year, we have exchanged currencies totalling a value of INR 130 crore.

- Director of the company has 25 years of experience in this sector.

- The company is yet to reach BEP however we are profitable at operational level.

Products & Services Overview

- Focus on Foreign Exchange through both B2C & B2B verticals.

- Have prepaid Forex card supported by Mastercard.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    Founder & CEO, Chennai, Financial Advisor connected with this business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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